Energy healing for our world
Sanación energética para nuestro mundo

How foolish are world economics?

Charlie Holles

Monday, August 24, 2015


Our money cannot keep on going up and multiplying. The current financial crisis in China is triggering fears of another world recession, possibly worse than that of 2007. How long will this madness continue? The world economic model is seriously broken. It is built on the illusion of constant growth but worse than that is the holy grail each country pursues – the target of being in trade surplus with exports being greater than imports. This is completely insane. At a time when developed countries built their economies on the spoils of the empires they had carved out, raping and bleeding dry their subjects, this was possible. Now more and more countries are joining the ‘high table’. There are fewer countries to be exploited and they want what we in the developed countries have.

The scales must balance. It is impossible for every nation to have a trade surplus. I am not an economist but this is logic and common sense. Do politicians and economist not see this? Maybe they do not want to. To acknowledge this will then bring the realisation that we must change. We can no longer continue to live competitively, in opposition to one another. We will have to cooperate and as the world shrinks, resources become scarcer and the population grows even more no longer will unbridled material growth and consumption be possible.

Unfortunately our economic model and dominant world ethos (led by the USA as the worst but others as well) is one of continuous growth, constant consumption and ever increasing material wealth. Why? It does not make people happy, nor is it sustainable. The developed countries lead the world in stress and mental illness; a recent survey found that children in the UK were amongst the most unhappy and stressed in the world. What a recommendation that is for our much vaunted way of life!

The BBC news website today contained an article by Brian Milligan with these final words:

The outstanding question, as ever, is whether the slump has further to go, and how long it may take markets to recover.

"This is a nasty correction," said Mark Dampier. "And nobody knows whether there's more to come. That's what makes it scary. But unless this is the death of capitalism, stock markets do recover."

It may not be the death of capitalism just yet and this has been predicted before without coming to pass. However I believe that this death is coming ever closer. One day the markets will not recover.